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  • MBS: Continuing To Push Lows

    by Matthew Graham on April 03 2009, 2:32 PM
    Current Charts for MBS, 10 Yr Treasury, and Dow (now at highs of the day). Though this price cheaping is a needed "reset" for the bidders, it will likely continue to result in reprices for the worse, at least for today.
  • MBS Reprice Alert

    by Victor Burek on April 03 2009, 12:51 PM
    The current 4.0 coupon just moved to the lowest point of the day. This will pressure lenders to reprice for the worse.
  • MBS ALERT: Judo Chop! Er, uh, I Mean MBS Choppy!

    by Matthew Graham on April 03 2009, 12:04 PM
    Uncle Ben now reading prepared speech in Charlotte, NC. Tsy's tanking to lows of day, Dow has been rallying. MBS undecided, but took a sharp dive towards lows, and have since stabilized moderately. Due to tradeflow, we wouldn't expect 4.0's...
  • MBS ALERT: Lows Of The Day (update 1)

    by Matthew Graham on April 03 2009, 11:21 AM
    Both Tsy's and MBS have fallen to the lows of the day, with MBS performing significantly better. Things have gotten a bit ugly as evidenced by this not so friendly chart, showing 4.0's at 99-27. Reprices for the worse are a distinct possibility...
  • MBS MORNING: In Depth Look at Employment Situation

    by AQ on April 03 2009, 10:18 AM
    The MBS market continues to trade quietly in its own world. This morning flows are thin (activity is light) and MBS remains stable while TSYs yields push higher. Mortgages continue to show resiliency and independence from the "stock lever" while...
  • MBS ALERT: Jobs Data as Expected...MBS SELLS (for now)

    by AQ on April 03 2009, 8:38 AM
    Jobs data was "as expected". Treasuries and MBS are selling following the news. So far MBS trading is quiet (thin flows). I know you are trained to scorn a selloff...however in this case, given the need for cheaper dollar prices, you should...
  • MBS OPEN: Waiting on Employment Report

    by AQ on April 03 2009, 8:22 AM
    It's the first Friday of the month....that means it's time to absorb the most influential US economic indicator: The Employment Situation Report- Nonfarm Payrolls Economists forecast the unemployment rate will reach levels not seen since the early...
  • MBS CLOSE: What a Doozy of a Day!!!

    by AQ on April 02 2009, 9:10 PM
    Yawn. What a slow day in global financial markets. No real headline news to report tonight. Not really anything going on tomorrow either. Here's your "going out" MBS marks ... FN30 _______________________________ FN 4.0 -------->>>>...
  • MBS UPDATE: G20 Reactions

    by AQ on April 02 2009, 2:54 PM
    The MBS stack continues to trade in an isolated marketplace while the world digests a deluge of headline news and formulates new trading strategies. MBS outperforms TSYs (yield spreads are tighter). Production coupons continue to trade in a choppy range...
  • MBS LUNCH: Illustrating the Resiliency

    by AQ on April 02 2009, 12:51 PM
    Amidst the euphoric sanguinity produced from FASB's decision to relax "mark-to market" accounting policies and the developing global economic accords emanating from diplomatic leaders at the G20 Summit... MBS continues to show its resilience...
  • MBS ALERT: REPRICE FOR WORSE POSSIBLE

    by AQ on April 02 2009, 11:13 AM
    Treasury yields continue to push higher as global investors reinvest funds into equity markets. MBS is consequently following the lead of its benchmark big brother and selling off. Although it is early in the session and many investors have just release...
  • MBS UPDATE: In a World of Our Own

    by AQ on April 02 2009, 9:42 AM
    Stock markets have opened up with a great deal of optimism after US accounting policymakers agreed to relax mark to market accounting rules. Many investors view today's FASB decisions as an indication that stock markets have hit bottom and a recovery...
  • MBS OPEN: Some Welcomed Selling

    by AQ on April 02 2009, 8:17 AM
    MBS opens in the red as TSY yields pushed higher overnight. The Financial Accounting Standards Board's meeting on "mark to market" is underway. Mortgage buyers are welcoming the opportunity to allow MBS dollar prices (as opposed to relative...
  • MBS OP-ED: FASB, Quarter End, Dying Mortgage Products

    by Bill Berliner on April 01 2009, 5:37 PM
    Before beginning, I’ll point out that everything in this column is true and accurate; I’m not a fan of playing tricks on loyal readers. However, I think it’s appropriate to share one of my favorite aphorisms for the day, a quote from...
  • MBS CLOSE: FASB TOMORROW

    by AQ on April 01 2009, 5:10 PM
    5pm "Going Out" Marks... FN30 _______________________________ FN 4.0 -------->>>> -0-02 to 100-16 from 100-18 FN 4.5 -------->>>> -0-01 to 102-04 from 102-05 FN 5.0 -------->>>> - 0-01 to 103-05 from 103-06...
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More From MND

Mortgage Rates:
  • 30 Yr FRM 4.13%
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  • 15 Yr FRM 3.30%
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  • Jumbo 30 Year Fixed 4.00%
MBS Prices:
  • 30YR FNMA 4.5 108-05 (-0-02)
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  • 30YR FNMA 5.0 110-18 (-0-02)
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  • 30YR FNMA 5.5 111-16 (0-00)
Recent Housing Data:
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  • FHFA Home Price Index 0.67%